2717 118Th StOmaha, NE 68164

Property Details for 2717 118Th St

Year built

1996

Lot size

3.80 AC

Property size (Sq ft)

61,716 SF

Property type

Office buildings

APN

1848058004

APU

1848058004

Description

North Park Building 7A offers 12,032 square feet of immediately available traditional office space in a desirable Omaha location. This three-story building, constructed in 1996, boasts a total of 59,753 square feet and features a modern lobby and open floor plan. The space is part of a larger, attractive office park setting, situated on a two-acre lot and offering a park-like campus environment adjacent to the Papio Creek trail system. The building is conveniently located near I-680, Maple Street, and West Dodge Road, providing easy access to major thoroughfares. Amenities within walking distance include restaurants, shopping, and lodging options. The building includes two elevators and ample parking, with a ratio of 5.5 spaces per 1,000 square feet. The zoning is MU (Mixed Use). The property is in Douglas County, Nebraska. While the minimum divisible space is 12,032 square feet, the maximum contiguous space currently available is also 12,032 square feet. This presents a unique opportunity for a business seeking a prominent location in a well-established and amenity-rich office park.

• CAP approach

  CAP return

  Valuation

  6%

  $9,652,435

  6.5%

  $8,909,940

  7%

  $8,273,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,149,985

  Geo Method

  $3,149,985

• Alternative Use

  Use

  Valuation

  Residential

  $11,048,326

  Hospitality

  $10,120,207

  Educational

  $8,419,894

  Medical

  $8,709,467

  Retail

  $13,097,612

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2846

Longitude

-96.0974

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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